WageWorks® Commuter Benefits

If your employees take public transportation to work or pay for parking, WageWorks Commuter Benefits save them money by paying transit and parking expenses with pre-tax dollars. Your company lowers its payroll taxes, and employees take home extra money each month.

Educate Your Employees About Commuter Benefits

Educate Your Employees About Commuter Benefits

Employees will have access to key details that will help them determine if a Commuter account is right for them.

How Does It Work?

How Does It Work?

It’s Easy to Use, Easy to Save

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WageWorks Commuter Benefits are a great way to help your employees save money on their commute to work.

With WageWorks Commuter Benefits, employees can use tax-free funds to pay for parking and public transportation-such as train, subway, bus, ferry, trolley, or vanpool-as part of their daily commute to work. Funds are moved to the account before taxes are deducted, which reduces their overall tax burden. With WageWorks Commuter Benefits, employees can save an average of 30 percent off their commute.

A WageWorks Commuter Account can also save your company money. By transferring compensation from the employee's pay to a pre-tax account, you could reduce your payroll taxes by as much as 7.65 percent per participant. And this valuable benefit can help your company attract and retain quality employees.

WageWorks Commuter Benefits: The WageWorks Advantage

More Choices Mean Higher Enrollment

With a wide variety of transit and parking options available, WageWorks Commuter Benefits may increase the chances that more employees with enroll. There is nationwide coverage-in all 50 states and in more than 350 metro areas. Our commuter programs include a parking catalog with over 3,000 selectable locations and purchasable transit products from over 650 transit operators covering every major metropolitan area. The parking option supports subsidies at the corporate, regional, and employee level and accommodates even unique arrangements, including situations unique to you as an employer or to a particular office location. There is even a waiting list management feature for those locations where demand for spaces exceeds spaces available.

Easy and Convenient to Use

Your company can drive up enrollment by providing commuter benefits that are easy and convenient for employees to understand, access, and use. WageWorks make it quick and easy for your employees to pay for eligible transit and parking services. All these payment and reimbursement features are synchronized to deliver accurate, real-time account information:

WageWorks® Commuter Card. Employees can use this card just like a debit card where they pay for transit and parking–just swipe and go! Employees decide how much money to load onto their cards, and that money is available for use on the same day as the payroll cycle.

Buy My Pass. Employees identify which pass to buy from which transit or vanpool agency, and it’s delivered to their home.

Pay My Provider. Employees can access their accounts online and fill out a simple form to pay transit agencies or parking providers–no receipts or claims forms required.

Pay Me Back. Employees can arrange for commuter account funds to be deposited directly to a checking account or a check to be mailed to reimburse them for expenses they’ve already paid.

Even Easier to Administer

While employees may appreciate pre-tax commuter benefits, they can be an administrative nightmare for benefits managers. WageWorks Commuter Benefits integrate with payroll management, tax compliance, and employee enrollment functions streamlining your efforts. They also lighten your compliance and administrative burden since we ensure compliance with the latest IRS regulations, including those related to pass and voucher distribution for you. You gain the benefit of avoiding the inconvenience of cash-based reimbursement programs. It’s a win-win.

Are There Pre-tax Parking Benefits?

Are There Pre-tax Parking Benefits?

Yes! Employees Save Money by Paying for Parking with Pre-Tax Dollars

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If employees pay for parking for work - even if only a few days a week, WageWorks Commuter Benefits save them money by paying parking expenses with pre-tax dollars.

Funds are moved from paychecks to accounts before taxes are deducted. It’s a great way to put extra money in your employees' pocket each month.

With WageWorks Commuter Benefits, employees can:

Use for parking at or near work or at or near public transportation

Sign up any time and get started quickly with automatic deductions from thier paycheck

Pay for parking with a pre-loaded debit card, make automatic online payments to parking providers

No “use it or lose it” policy—balances in their accounts can be rolled over year to year

Manage all facets of their commuter account easily—online or from your mobile device